I've been recently pointed to this vulnerability report by a friend. I'm not subscribed to Bugtraq myself and I beg pardon for being a bit late, but the vulnerability hasn't been reported to the vendor.

Luckily enough there's no real danger because the vulnerabilites reported are fakes.

Moreover phpAdsNew 2.0.7 was released more than a year ago, and the project has now a new name, Openads.

All of the disclosed vulnerabilities try to use global variables in includes inside functions, which either have no access to the reported global variables or aren't called if the script is directly accessed.